I have spent most of the day (a) tightening stops or, where appropriate (b) covering shorts. I have reduced my holdings from 275 positions to 224, and my portfolio exposure has been reduced from 180% to 143%. My largest short position is TLT, which is doing pretty well so far. I’m probably going to scout around for an ETF or two to round the portfolio out before the weekend is upon us. As I am typing this, my completely-short portfolio is up 0.84% versus the QQQQs which are actually up a little bit, so I am very pleased with my relative performance today.